The petroleum sector aims to intensify drilling programs for wells and take advantage of the opportunities available to increase production rates of oil and gas, in coordination with foreign partners and work as a team, according to statements by Engineer Tariq El-Molla, Minister of Petroleum and Mineral Resources, who directed the continuous follow-up to the implementation of new projects to be completed in accordance with timetables. The specified, in order to maximize oil and gas production rates to sustainably meet the needs of the local market and export the surplus, which supports the national economy. The following is the most important information about the production of the Pharaonic Petroleum Company during 2021/2022.
Q. What is the production volume of the Pharaonic fields?
C. The planned production rates were achieved during the year by 100%, and the total gas sold amounted to 163 billion cubic feet, in addition to more than 3 million barrels of condensate.
Q. Are projects being implemented to enhance safety and operational efficiency?
c. A number of projects are being implemented to enhance safety and operational efficiency, rationalize spending, raise infrastructure efficiency, and charge and store condensate.
s. What about the SATIS field development project and the Harmatan field development project?
He pointed out that the Satis field development project in the North Al-Burj region was recently assigned to Pharaonic, with production rates estimated at about 100 million cubic feet of gas per day, and 6800 barrels of condensate per day. The development of the Harmattan field in the Burj area to the Pharaonic Company, where it is planned to add an estimated production of 150 million cubic feet of gas per day and 3,000 barrels of condensate per day.